Homes England’s 23 Strategic Partners will be able to bid for
grant funding which, if successful, will extend their existing
deals from March 2024 to March 2029 – demonstrating how long-term
funding certainty enables the delivery of more homes.
The bidding process requires existing strategic partners to
demonstrate how they can achieve ambitious plans to build
affordable housing and contribute to the wider new build supply
this country needs.
Addressing Homes England’s strategic priorities, including the
use of brownfield sites for development, engagement with local
SME contractors, working with smaller housing associations and
the use of Modern Methods of Construction will be the key to a
successful bid.
Chairman of Homes England Sir Edward Lister said:
“The £1bn in additional grant funding will give our strategic
partners more flexibility and longer term funding certainty so
that they can build the affordable homes their communities need
over the next 10 years. I welcome today’s news and urge our
housing association partners across England to get involved.”
Since July 2018, Homes England has agreed 23 Strategic
Partnership deals with 28 housing associations, giving them the
investment, flexibility and resources they need to deliver a
range of affordable housing including social rent, supported
living and shared ownership homes.
The funding is part of a £2 billion affordable housing package
announced by the Prime Minister in September 2018, which is being
awarded equally to Homes England and the Greater London
Authority.
